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WellPoint Cuts 2008 Outlook,
Sending Health Stocks Down

By

Andrew Edwards and

Dinah Brin

Updated March 10, 2008 6:02 p.m. ET

WellPoint Inc. cut its 2008 earnings outlook, saying that the first two months of the year were worse than expected -- despite previous planning for an economic downturn -- sending health-care stocks down sharply in after-hours trading.

WellPoint's move marks the second time this year the company has trimmed its revenue forecast, cited softening enrollment expectations and reported unexpectedly high medical costs -- and could signal...